What is the effect of recent pandemic crisis on real rental rate of capital? Explain

The UQ Union has permitted two florists (Lucy and John) to set up stalls on Market Day. If paid $24 for a bouquet, Lucy is willing to provide 27 bouquets and John is only willing to provide 18. At $14 a bouquet, Lucy is only willing to provide 13 bouquets and John will only provide 9. Which of the following statements are true:

a) The quantity supplied will fall to zero on non-market days at UQ.

b) Lucy's individual quantity supplied will rise when the price falls as more consumers will demand bouquets.

c) The market quantity supplied at UQ on Market Day is 40 when the price is $14 a bouquet.

d) Lucy's individual quantity supplied will increase when the price rises, due to more consumers demanding bouquets.

1. The argument based on absolute advantage that free trade between countries is always beneficial for both participating countries is flawed. Explain.

2. Mention two important external shocks that potentially triggered Latin American sovereign debt crisis and the lost decade. Provide some context.

3. What is a common view (seen in class) of contemporary economists on ISI strategies? In particular, what are their views on the initial implementation and on the permanence of the ISI policies?

4. What was the main incentive for multinationals to operate in Latin America during the period of ISI policies? How is the country size related to such an incentive?

Discuss the mechanisms through which monetary policy affects stock prices and aggregate demand. Please be specific about the channels/theories.

1. Provide two reasons why Latin America did not actively engage in institutions that were fostering trade liberalization as soon as these institutions were created.
2. How could international trade have improved the income distribution within Latin America during the 20^th century?
3. Comparative and absolute advantage theories are concerned about the costs related to the production of goods in different countries. Nevertheless, there is a key conceptual difference between the relevant type of cost. What is it?
4. Why Import Substitution Industrialization strategy contradicts 200 years of economic theory?

“ COVID-19 (Coronavirus disease 2019) Impact on Economy ”   

Assume the economy of country A is in a long -run equilibrium with full employment. The nominal wage of workers are fixed in the short run.

a)Draw a graph which shows the short-run aggregate supply, long-run aggregate supply, and aggregate demand. Describe the equilibrium point and show each of the following:

i)Equilibrium output, labelled Y1

ii)Equilibrium price level, labelled P1.

b)Owing to the outbreak of COVID19 (Coronavirus disease 2019), the export market of country A has decreased. On your graph in part a), describe in details on the effect of lower export on the equilibrium in the short run, labelling the new equilibrium output and price level Y2 and P2, respectively.

c)Based on your result in part b), what is the impact of lower export on real wages in the short run? Explain.

d)Show, with a new graph,how the economy will return to its new equilibrium in the long run if the government does not intervene. Explain.

e)Suppose the government decides to increase expenditure on new equipment.(i)What component of aggregate demand will change?Explain.(ii)What is the impact on the long-run aggregate supply? Explain.

The total word count of all questions should be 500 words .

Please help !!!

What is the effects of high trading activities to the economy in Singapore 2018 ? Support your answer with statistics and evidence.

at least 2 effects

2. Suppose that Person B has 16 hours a day available to work for pay or do unpaid activities. This person's wage rate is $10/hr. Person B obtains the highest level of utility by working 5 hours/day (remotely). Today, Person B was told that she will begin receiving $20/day in unearned income, say from interest on a savings account.

a. (5 points) Draw a fully-labeled graph to illustrate the shape of indifference curves that could lead Person B to quit working upon receiving the $20/day of unearned income. Explain what kind of real-life circumstances might be such that the person would be better off by quitting work.

b. (5 points) On the same graph above, illustrate Person B's reservation wage after receiving the unearned income. There is not a numerical value that you can calculate for this question, just draw what is needed on the graph and describe in words how the reservation wage is determined and what the reservation wage represents.

c. (10 points) On a second, fully-labeled graph illustrate a case where Person B will continue to work after receiving the unearned income. Do they work more or less than they were before? Explain.

Show graphically and explain why neo-Malthusians believe that economies will devolve to low growth equilibria.

Using the UK as an example, explain how a country that is running a deficit in its current account must ‘finance’ this deficit by borrowing from foreigners.

When a product is in the introduction stage of the product life cycle, Group of answer choices promotion is likely to be more focused on reminder messages,  

profits can be negative for a while.

it is easy to forecast demand.

industry profits are at their highes

Mariah recently bought Voice Over Internet protocol (VOIP) phone service (phone service delivered over the Internet). A few of Mariah's friends bought VOIP before she did, but many other friends were interested in Mariah's opinions of the new phone service. Mariah is most likely a(n) __________ in this product category.

Group of answer choices

early adopter

late majority

laggard

innovator

When introducing new kinds of food, ___________ is especially important in the diffusion process of a new product, so free samples might be a good promotion strategy.

Group of answer choices

compatibility

complexity

trialability

relative disadvantage

Some marketers show their new products being used because __________ helps with the rapid diffusion of new products.

Group of answer choices

Compatibility

Observability

Complexity

Relative advantage

Suppose the market for toilet paper is perfectly competitive. The long run equilibrium is characterized by the price being $2 per roll with 20 firms making toilet paper, each selling 5 million rolls per week for a total of 100 million rolls being sold each week. A pandemic then breaks out, where people are afraid that the world will run out of toilet paper.

a) what happens in the short run to:

-1) The price of a roll of toilet paper?

-2) The number of firms making toilet paper?

-3) The amount of toilet paper made each week by each firm?

-4) weekly firms profits?

b) What happens in the long run in terms of (1-4) above, and what is the mechanism that brings about that change, assuming demand remains permanently elevated as people in the future are constantly worried that another pandemic will occur?

c) Graph the original long run equilibrium, the short run equilibrium, and the return to a long run equilibrium on two graphs, one for the market and one for the individual firm.

Products that are distributed in as many places as possible are most likely:

Group of answer choices

convenience offerings

shopping offerings

specialty offerings

expensive offerings

2.

If a service business is stuggling to reduce the delivery gap, two good strategies are empowering employees and __________.

Group of answer choices

variability analysis

path analysis

using technology

zone of tolerance analysis

public relations

3.

A popular department store wants customers to think they are getting a good deal. They set an artificially high "regular price" to make the "sale price" appear low. They are unethically attempting to influence consumers' __________ perceptions.

Group of answer choices

leader price

fixed price

cost-based price

reference price

4.

When a company introduces a new product, they want to first target innovators and early adopters because they tend to be:

Group of answer choices

scattered across all demographics.

outside their target market.

opinion leaders.

fond of prototypes.

alpha testing enthusiasts.

5.

Chevrolet (a brand known for cars and trucks) might decide to start making Chevrolet ventilators as a new product line. This would be considered:

Group of answer choices

a brand extension

a line extension

a depth addition

a no-risk strategy

1. Charlie has a utility function U(A, B) = A3B. The price of apples is $5, and the price of bananas is $1. If Charlie’s income is $200, how many units of bananas would he consume if he chose the bundle that maximizes his utility subject to his budget constraint?

_____________________________________________

2. Charlie has a utility function U(A, B) = A3B. The price of apples is $5, and the price of bananas is $1. If Charlie’s income is $200, how many units of apples would he consume if he chose the bundle that maximizes his utility subject to his budget constraint?